Improvement of economic sentiment in August in the euro area

The economic sentiment in the euro area has improved slightly more than expected in August while inflation expectations of households remained unchanged, said Monday the European Commission, which augurs well for continued economic growth third quarter.

Its index for the 16 countries of the euro area reached 101.8 in August, against 101.1 (revised from 101.3) in July.Economists polled by Reuters expected the index to 101.7.

The index of industrial sector remained stable at -4, while that of services has improved to 7 against 6 the previous month.

The morale of households, whose application is one of the engines of recovery, came in at -11, -14 cons expected in July and -12.

The consumer inflation expectations were unchanged at 11, whereas they are increased from 5 to 6 among entrepreneurs.

The separate index of the Commission on the business climate in the euro area, against all odds, degraded to 0.61 against 0.63 (revised from 0.66) in July, and 0.70 under market.

• Unexpected drop in consumer sentiment in October in the U.S.
• Unemployment in the euro area at the highest since 1997
• Bond hiring in October in the U.S., the unemployment rate stable
• Wall Street opens higher after unemployment data
• Further monetary easing by the Bank of Japan